Corner-Lot Residential Income
1304 Hammond Ave Superior, WI 54880
New
1304 Hammond Ave, Superior, WI, 54880
$650,000
For Sale
$650,000
COMMERCIAL - Superior, WI
Property Size5,921 SF
Lot Size0.28 Acres
Price / SF$109.78
Days on Market3
Property Features for 1304 Hammond Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Interior features
- Kitchen Area, Private Resident Building, Restrooms, Fire Escape
- Basement
- Concrete
- Standard status
- Active
- Size
- 5,921 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6775
Utilities
- Heating system
- Electric (Heating), Natural Gas, Oil, Hot Water(Heating)
- Cooling system
- Zoned, Ductless
Building Details
- Year built
- 1930
- Number of units
- 2
- Roof type
- Rubber, Shingle
Listing Agency
RE/MAX Results
(952) 829-2900
Duluth, WI
Listed by
Mike Raivala · License #5812490
(952) 829-2900
Added: Jul 16 Checked: Jul 18 at 3:06 am
MLS# 6126803
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Corner-lot residential income property offering over 7,600 square feet of versatile space. The home features expansive interior rooms across multiple levels, including an enormous 4-bedroom apartment on the second level with a kitchen, dining room, laundry room, primary suite, and a private rooftop deck. A third-floor massive recreation room adds additional flexible space. The full basement includes office space, a utility room, and a large additional area for storage or other uses.
Outside, the property includes four heated, insulated attached garages along with off-street parking behind them.
The layout is designed to support multiple practical configurations, and the listing describes opportunities such as a multi-unit conversion and other investment or community-oriented uses. The property is located at 1304 Hammond Ave, Superior, WI 54880, in Douglas County.
Outside, the property includes four heated, insulated attached garages along with off-street parking behind them.
The layout is designed to support multiple practical configurations, and the listing describes opportunities such as a multi-unit conversion and other investment or community-oriented uses. The property is located at 1304 Hammond Ave, Superior, WI 54880, in Douglas County.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $12.60 |
| − Vacancy | −$4.1k | −$0.69 |
| EGI | $70.5k | $11.91 |
| − OpEx | −$21.2k | −$3.57 |
| NOI | $49.4k | $8.33 |
5,921 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$705.0K
$616.9K – $822.5K
NOI $49,351 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$620.5K
$543.0K – $723.9K
NOI $43,436 @ 7.0% cap · market cap 6.68%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,679 @ 7.0% cap · market cap 20.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Downs-Le Sage Funeral ...
Social Service Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Corner-lot property with an attached garage setup and a 4-bedroom apartment plus rooftop deck and recreation room.
Where is this duplex located?
The property is located at 1304 Hammond Ave Superior, WI.
What is the asking price?
The asking price for this property is $650,000.
